Foreclosure Properties Becoming Less Attractive…
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It takes banks months to repossess and sell homes after owners stop making mortgage payments.
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Foreclosure Properties Becoming Less Attractive… was originally published on Housing Complex on Dec. 16, 2008, at 4:24 pm
From the Washington Business Journal:
Potential homebuyers are less likely to consider a foreclosed property even as foreclosure rates continue to climb, according to a study commissioned by Trulia.com and RealtyTrac.
Only 47 percent of U.S. adults said they would consider buying a foreclosed property, down from 54 percent just seven months earlier.
Copyright Washington City Paper
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